Chilean state oil company National Petroleum Company said it has signed a temporary agreement with Argentine oil firm YPF to import crude through the Trasandino pipeline, a key step for both countries' trade.
Russia's second-largest oil producer Lukoil said its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following approval by Italian authorities.
ADNOC has informed at least three buyers in Asia that it will supply full contractual volumes of crude, steady from the previous month, trade sources said.
Chinese customs authorities are stepping up inspection checks on cargoes of heavy crude oil after uncovering several Iranian shipments that were mislabeled as diluted bitumen in an effort to bypass import quotas.
Oil prices jumped but were set for a third straight week of losses after sharp declines earlier in the week on fears about interest rate hikes, U.S. banking sector problems and slowing Chinese demand.
SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, said it expects a "solid" refining margin in the second quarter, backed by China's reopening and the summer driving season.
The strong start to the year for Asia's imports of crude oil came to a halt in April, with arrivals dropping to a seven-month low as top buyers China and India trimmed purchases.
Deputy Prime Minister Alexander Novak said Russia was abiding by its voluntary pledge to cut oil output by 500,000 bpd from February until the end of the year.
Kazakhstan Railways will ban transportation of oil products to the Russian Black Sea port of Taman in 2023, according to a document from the state-owned railway operator.
Enbridge Inc, Canada's largest transporter of crude oil, said it has reached a 7-1/2 year toll agreement with shippers for its Mainline system.